Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Lighter against OKX+0.051%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$450.452% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.051%, 7d avg +0.129%

Together, before fees+0.133%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.078% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX JUP-USDT-SWAP	0.2955	0.0100	pay 0.0050% / 4h	3m 52s	$4.0M	$11.4M	50x
Short	Lighter JUP	0.2957	0.0096	get 0.0012% / 1h	3m 52s	$781K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee LighterbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$0.84
Price spread: +0.051% → +0.129%: −$7.82
Slippage, 4 orders: −$35.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$53.83
Costs to cover: 0.452%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.69 bp	14.6 bp −$15	58.4 bp −$584	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.37 bp	12.0 bp −$12	59.5 bp −$595	doesn't fit	doesn't fit

JUP on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective JUP/USDC PERP	−0.4661%	1h	0.2920	−1.184%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	−0.070%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2949	−0.217%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2953	−0.085%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	−0.095%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2953	−0.082%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.143%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2954	−0.021%	$592K	$469K	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2957	+0.051%	$781K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2948	−0.224%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.220%	$600K	$490K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2956	+0.024%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2953	−0.069%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	−0.015%	$16.2M	$40.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2952	−0.102%	$15.9M	$18.1M	50x	as long as short
OKX JUP-USDT-SWAPlong	+0.0100%	4h	0.2955	long leg	$4.0M	$11.4M	50x
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.213%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2954	−0.034%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2954	−0.034%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	−0.034%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	0.000%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.068%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2954	−0.044%	$976K	$234K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2945	−0.339%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	−0.080%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	−0.102%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.051%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	−0.102%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.305%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.068%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2952	−0.117%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2950	−0.169%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.511%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2954	−0.037%	$2.2M	$498K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	−0.132%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2950	−0.169%	$835K	$375K	50x	as long as short